Guggenheim Capital LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Guggenheim Capital LLC reported 1,737 stock positions worth $13.6 billion. Its top holding was Nvidia (NVDA) at 4.3% of the portfolio, followed by Apple (AAPL, 3.5%) and Microsoft (MSFT, 3.4%). Compared with Q3 2025, it opened 277 new positions, sold out of 111, added to 715 and reduced 736. The biggest buy was Micron Technology (MU, shares +4%) and the biggest sale Broadcom (AVGO, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001283072
- Portfolio Value
- $13.6B (Q4 2025)
- SEC Filing
- 0001283072-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 1,737 stocks · $13.6B
| NVDA Nvidia Corp. | 4.27% | 3,114,761 | $580.9M | Reduce -8.2% |
| AAPL Apple Inc. | 3.53% | 1,768,985 | $480.9M | Reduce -8.2% |
| MSFT Microsoft Corp. | 3.36% | 944,334 | $456.7M | Reduce -6.6% |
| AVGO Broadcom Inc. | 2.19% | 860,402 | $297.8M | Reduce -25.1% |
| AMZN Amazon.com Inc. | 2.17% | 1,277,695 | $294.9M | Reduce -7.4% |
| GOOGL Alphabet Inc. Class A | 1.99% | 865,322 | $270.8M | Reduce -8.5% |
| META Meta Platforms Inc. Class A | 1.88% | 387,342 | $255.7M | Add +10.8% |
| TSLA Tesla Inc. | 1.36% | 410,356 | $184.5M | Add +8.3% |
| GOOG Alphabet Inc. Class C | 1.23% | 534,540 | $167.7M | Reduce -8.8% |
| LRCX Lam Research Corp. | 1.12% | 893,068 | $152.9M | Add +4.6% |
| MU Micron Technology Inc. | 1.09% | 520,075 | $148.4M | Add +3.9% |
| CSCO Cisco Systems Inc. | 1.07% | 1,887,125 | $145.4M | Reduce -2.7% |
| COST Costco Wholesale Corp. | 0.98% | 154,238 | $133.0M | Add +1.7% |
| QCOM Qualcomm Inc. | 0.95% | 753,278 | $128.8M | Reduce -4.1% |
| AMD Advanced Micro Devices | 0.94% | 596,549 | $127.8M | Add +2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.93% | 184,947 | $126.1M | Reduce -0.9% |
| AMAT Applied Materials Inc. | 0.92% | 485,027 | $124.6M | Reduce -4.7% |
| NFLX Netflix Inc. | 0.81% | 1,182,622 | $110.9M | Add +2.6% |
| PLTR Palantir Technologies Inc. Class A | 0.75% | 577,514 | $102.7M | Add +1.8% |
| V Visa Inc. Class A | 0.73% | 282,378 | $99.0M | Reduce -0.6% |
| IVV iShares Core S&P 500 ETF | 0.69% | 136,471 | $93.5M | No change |
| BKNG Booking Holdings Inc. | 0.66% | 16,869 | $90.3M | Add +2.6% |
| PEP Pepsico Inc. | 0.63% | 601,382 | $86.3M | Reduce -0.5% |
| SLV iShares Silver Trust | 0.63% | 1,326,256 | $85.4M | Reduce -22.0% |
| ADBE Adobe Inc. | 0.62% | 240,456 | $84.2M | Add +9.0% |
| WM Waste Management Inc. | 0.61% | 378,606 | $83.2M | Reduce -2.3% |
| AMGN Amgen Inc. | 0.61% | 252,460 | $82.6M | Add +2.5% |
| MRK Merck & Co. Inc. | 0.60% | 773,718 | $81.4M | Add +8.4% |
| JPM JPMorgan Chase & Co. | 0.59% | 248,607 | $80.1M | Reduce -0.2% |
| MA Mastercard Inc. Class A | 0.52% | 123,500 | $70.5M | Add +2.1% |
| JNJ Johnson & Johnson | 0.50% | 329,773 | $68.2M | Reduce -2.5% |
| KLAC KLA Corp. | 0.50% | 55,648 | $67.6M | Add +3.3% |
| GILD Gilead Sciences Inc. | 0.47% | 517,789 | $63.6M | Reduce -2.1% |
| DASH DoorDash Inc. Class A | 0.46% | 273,793 | $62.0M | Add +9.1% |
| ABBV Abbvie Inc. | 0.45% | 265,205 | $60.6M | Add +5.1% |
| SNPS Synopsys Inc. | 0.44% | 128,515 | $60.4M | Add +3.8% |
| GS Goldman Sachs Group Inc. | 0.44% | 67,523 | $59.4M | Reduce -2.3% |
| ISRG Intuitive Surgical Inc. | 0.43% | 104,511 | $59.2M | Add +6.4% |
| ADI Analog Devices Inc. | 0.43% | 215,652 | $58.5M | Reduce -0.7% |
| MCD McDonald's Corp. | 0.43% | 190,336 | $58.2M | Add +0.8% |
| MDLZ Mondelez International Inc. Class A | 0.42% | 1,062,718 | $57.2M | Add +4.2% |
| TMUS T-Mobile US Inc. | 0.42% | 279,449 | $56.7M | Reduce -0.7% |
| ORLY O'reilly Automotive Inc. | 0.40% | 597,096 | $54.5M | Add +15.5% |
| CMCSA Comcast Corp. Class A | 0.40% | 1,819,559 | $54.4M | Reduce -0.8% |
| APP AppLovin Corp. Class A | 0.40% | 80,701 | $54.4M | Add +2.0% |
| PANW Palo Alto Networks Inc. | 0.39% | 291,313 | $53.7M | Reduce -6.4% |
| ADP Automatic Data Processing | 0.39% | 207,197 | $53.3M | Add +0.7% |
| XOM Exxon Mobil Corp. | 0.38% | 425,160 | $51.2M | Reduce -4.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.36% | 599,549 | $49.7M | Reduce -3.0% |
| INTC Intel Corp. | 0.36% | 1,345,303 | $49.6M | Add +4.3% |
| HON Honeywell International Inc. | 0.36% | 252,236 | $49.2M | Add +3.0% |
| KO The Coca-Cola Co. | 0.36% | 698,998 | $48.9M | Reduce -2.2% |
| CVX Chevron Corp. | 0.36% | 320,444 | $48.8M | Add +1.8% |
| CEG Constellation Energy | 0.34% | 132,870 | $46.9M | Add +1.8% |
| TXN Texas Instruments Inc. | 0.34% | 269,771 | $46.8M | Add +0.9% |
| SHOP Shopify Inc. Class A | 0.34% | 290,516 | $46.8M | Add +1.1% |
| UNP Union Pacific Corp. | 0.34% | 202,036 | $46.7M | Add +1.1% |
| INTU Intuit Inc. | 0.34% | 69,884 | $46.3M | Add +1.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 101,041 | $45.8M | Reduce -2.0% |
| SHW The Sherwin-Williams Co. | 0.33% | 140,132 | $45.4M | Reduce -13.6% |
| HD Home Depot Inc. | 0.32% | 127,694 | $43.9M | Add +18.5% |
| ZTS Zoetis Inc. | 0.31% | 338,278 | $42.6M | Add +11.1% |
| SBUX Starbucks Corp. | 0.31% | 505,003 | $42.5M | Reduce -1.1% |
| VZ Verizon Communications Inc. | 0.30% | 1,008,321 | $41.1M | Reduce -3.6% |
| ICE Intercontinental Exchange Inc. | 0.30% | 249,584 | $40.4M | Add +10.0% |
| JCI Johnson Controls Internation | 0.30% | 336,617 | $40.3M | Reduce -7.2% |
| DUK Duke Energy Corp. | 0.30% | 343,810 | $40.3M | Add +9.9% |
| WDAY Workday Inc. Class A | 0.28% | 180,194 | $38.7M | Add +18.6% |
| WMT Walmart Inc. | 0.28% | 339,793 | $37.9M | Add +7.2% |
| MRVL Marvell Technology Inc. | 0.28% | 442,061 | $37.6M | Add +5.7% |
| CMI Cummins Inc. | 0.27% | 72,847 | $37.2M | Reduce -17.0% |
| LIN Linde PLC | 0.27% | 87,012 | $37.1M | Add +12.2% |
| LLY Eli Lilly & Co. | 0.27% | 34,088 | $36.6M | Add +2.7% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.26% | 2,938,681 | $34.7M | Add +28.6% |
| REGN Regeneron Pharmaceuticals | 0.25% | 44,918 | $34.7M | Add +6.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 116,779 | $34.6M | Reduce -24.7% |
| NEE Nextera Energy Inc. | 0.25% | 430,030 | $34.5M | Reduce -6.7% |
| CTAS Cintas Corp. | 0.25% | 183,504 | $34.5M | Add +18.3% |
| NOC Northrop Grumman Corp. | 0.25% | 60,486 | $34.5M | Add +17.9% |
| ADSK Autodesk Inc. | 0.25% | 115,140 | $34.1M | Add +21.4% |
| CRM Salesforce Inc. | 0.24% | 123,957 | $32.8M | Reduce -8.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.24% | 69,786 | $32.7M | Reduce -2.8% |
| NVG Nuveen Amt-FR Muni CRDT | 0.24% | 2,562,261 | $32.4M | Add +41.1% |
| NOW ServiceNow Inc. | 0.24% | 210,536 | $32.3M | Add +1.1% |
| MDT Medtronic PLC | 0.24% | 334,902 | $32.2M | Reduce -7.5% |
| CPRT Copart Inc. | 0.23% | 813,579 | $31.9M | Add +16.8% |
| BMY Bristol-Myers Squibb Co. | 0.23% | 582,497 | $31.4M | Reduce -9.4% |
| MNST Monster Beverage Corp. | 0.23% | 404,429 | $31.0M | Reduce -11.5% |
| WFC Wells Fargo & Co. | 0.23% | 332,523 | $31.0M | Reduce -3.7% |
| NAD Nuveen Quality Municipal Inc. | 0.23% | 2,572,898 | $30.9M | Add +45.9% |
| CAT Caterpillar Inc. | 0.23% | 53,927 | $30.9M | Add +1.4% |
| WELL Welltower Inc. | 0.23% | 166,415 | $30.9M | Add +4.8% |
| SNOW Snowflake Inc. | 0.22% | 138,262 | $30.3M | Reduce -9.6% |
| PFE Pfizer Inc. | 0.22% | 1,208,357 | $30.1M | Add +3.6% |
| GLD SPDR Gold Shares | 0.22% | 74,855 | $29.7M | Add +10.3% |
| DE Deere & Co. | 0.22% | 63,507 | $29.6M | Reduce -10.0% |
| FTNT Fortinet Inc. | 0.22% | 371,233 | $29.5M | Reduce -5.1% |
| BX Blackstone Inc. | 0.21% | 187,628 | $28.9M | Add +2.7% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.21% | 2,469,932 | $28.7M | Add +52.0% |
| NEM Newmont Corp. | 0.21% | 283,328 | $28.3M | Reduce -12.4% |
Options reported separately and not counted above: SPY puts ($165.9M), SPY calls ($165.9M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $24.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 24,791,000 | $24.3M | No change |
Total filed on the 13F, all lines: $13.6B.
Portfolio Sells Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | Reduce -25.1% | 2.19% | −0.63 |
| MSFT Microsoft Corp. | Reduce -6.6% | 3.36% | −0.54 |
| NVDA Nvidia Corp. | Reduce -8.2% | 4.27% | −0.44 |
| AAPL Apple Inc. | Reduce -8.2% | 3.53% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -7.4% | 2.17% | −0.09 |
| SHW The Sherwin-Williams Co. | Reduce -13.6% | 0.33% | −0.08 |
| TMUS T-Mobile US Inc. | Reduce -0.7% | 0.42% | −0.08 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -40.1% | 0.11% | −0.08 |
| PANW Palo Alto Networks Inc. | Reduce -6.4% | 0.39% | −0.08 |
| IBM Intl Business Machines Corp. | Reduce -24.7% | 0.25% | −0.07 |
| LOW Lowe's Cos Inc. | Reduce -31.4% | 0.12% | −0.06 |
| BLK BlackRock Inc. | Reduce -15.4% | 0.20% | −0.06 |
| APD Air Products & Chemicals Inc. | Reduce -16.3% | 0.17% | −0.06 |
| CVS CVS Health Corp. | Reduce -32.0% | 0.12% | −0.05 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.05 |
| TTD Trade Desk Inc./the Class A | Reduce -85.8% | 0.01% | −0.04 |
| MPC Marathon Petroleum Corp. | Reduce -16.3% | 0.10% | −0.04 |
| SYY Sysco Corp. | Reduce -13.0% | 0.14% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -3.6% | 0.30% | −0.04 |
| VLO Valero Energy Corp. | Reduce -58.2% | 0.03% | −0.04 |
| PSX Phillips 66 | Reduce -35.2% | 0.06% | −0.04 |
| FAST Fastenal Co. | Reduce -3.9% | 0.13% | −0.04 |
| HSY The Hershey Co. | Reduce -40.2% | 0.05% | −0.04 |
| CDW CDW Corp. | Reduce -86.5% | 0.00% | −0.04 |
| LULU Lululemon Athletica Inc. | Reduce -38.7% | 0.08% | −0.04 |
| PSKY Paramount Skydance Class B | Reduce -85.7% | 0.00% | −0.03 |
| BIIB Biogen Inc. | Reduce -61.7% | 0.03% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -22.0% | 0.08% | −0.03 |
| SNOW Snowflake Inc. | Reduce -9.6% | 0.22% | −0.03 |
| CMG Chipotle Mexican Grill Inc. | Reduce -8.9% | 0.18% | −0.03 |
| GM General Motors Co. | Reduce -76.7% | 0.01% | −0.03 |
| ADM Archer-Daniels-Midland Co. | Reduce -65.9% | 0.01% | −0.03 |
| ON On Semiconductor | Reduce -49.1% | 0.04% | −0.03 |
| BRO Brown & Brown Inc. | Reduce -29.7% | 0.04% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -0.8% | 0.40% | −0.03 |
| F Ford Motor Co. | Reduce -48.1% | 0.04% | −0.03 |
| ANET Arista Networks Inc. | Reduce -5.1% | 0.16% | −0.03 |
| FTNT Fortinet Inc. | Reduce -5.1% | 0.22% | −0.03 |
| AXON Axon Enterprise Inc. | Reduce -5.0% | 0.08% | −0.03 |
| KHC The Kraft Heinz Co. | Reduce -17.0% | 0.09% | −0.03 |
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −0.03 |
| MOS The Mosaic Co. | Reduce -62.9% | 0.01% | −0.03 |
| C Citigroup Inc. | Reduce -37.7% | 0.06% | −0.03 |
| GPC Genuine Parts Co. | Reduce -28.5% | 0.04% | −0.03 |
| WM Waste Management Inc. | Reduce -2.3% | 0.61% | −0.03 |
| XEVMX Eaton Vance Cal Muni Bond | Sold out | 0.00% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -4.1% | 0.95% | −0.02 |
| AEP American Electric Power | Reduce -11.8% | 0.20% | −0.02 |
| XENWX Eaton Vance New York Municip | Sold out | 0.00% | −0.02 |
| T AT&T Inc. | Reduce -0.8% | 0.15% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| MU Micron Technology Inc. | Add +3.9% | 1.09% | +0.47 |
| LRCX Lam Research Corp. | Add +4.6% | 1.12% | +0.27 |
| AMD Advanced Micro Devices | Add +2.4% | 0.94% | +0.24 |
| MRK Merck & Co. Inc. | Add +8.4% | 0.60% | +0.15 |
| WDC Western Digital Corp. | Add +259.5% | 0.14% | +0.11 |
| ISRG Intuitive Surgical Inc. | Add +6.4% | 0.43% | +0.11 |
| TSLA Tesla Inc. | Add +8.3% | 1.36% | +0.10 |
| AMGN Amgen Inc. | Add +2.5% | 0.61% | +0.09 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +365.3% | 0.12% | +0.09 |
| MPWR Monolithic Power Systems Inc. | Add +379.8% | 0.11% | +0.08 |
| LLY Eli Lilly & Co. | Add +2.7% | 0.27% | +0.08 |
| REGN Regeneron Pharmaceuticals | Add +6.2% | 0.25% | +0.08 |
| NAD Nuveen Quality Municipal Inc. | Add +45.9% | 0.23% | +0.07 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +52.0% | 0.21% | +0.07 |
| NVG Nuveen Amt-FR Muni CRDT | Add +41.1% | 0.24% | +0.07 |
| INSM Insmed Inc. | Add +123.3% | 0.11% | +0.07 |
| KLAC KLA Corp. | Add +3.3% | 0.50% | +0.06 |
| NAC Nuveen Ca QLTY Muni Inc. | Add +28.6% | 0.26% | +0.06 |
| TEAM Atlassian Corp. Class A | Add +67.5% | 0.14% | +0.06 |
| OMC Omnicom Group | Add +82.9% | 0.11% | +0.05 |
| NUV Nuveen Municipal Value | Add +41.8% | 0.17% | +0.05 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +104.8% | 0.09% | +0.04 |
| INTC Intel Corp. | Add +4.3% | 0.36% | +0.04 |
| CMF iShares California Muni Bond | Add +54.4% | 0.12% | +0.04 |
| GE General Electric | Add +36.8% | 0.15% | +0.04 |
| ADBE Adobe Inc. | Add +9.0% | 0.62% | +0.04 |
| ACN Accenture PLC Class A | Add +43.9% | 0.11% | +0.04 |
| GLD SPDR Gold Shares | Add +10.3% | 0.22% | +0.04 |
| CAT Caterpillar Inc. | Add +1.4% | 0.23% | +0.04 |
| PWZ Invesco California Amt-Free | Add +46.5% | 0.12% | +0.04 |
| WMT Walmart Inc. | Add +7.2% | 0.28% | +0.04 |
| ECL Ecolab Inc. | Add +60.7% | 0.09% | +0.03 |
| LEO BNY Mellon Strategic Muni | Add +60.3% | 0.07% | +0.03 |
| MCO Moody's Corp. | Add +145.5% | 0.04% | +0.03 |
| ADSK Autodesk Inc. | Add +21.4% | 0.25% | +0.03 |
| SHOP Shopify Inc. Class A | Add +1.1% | 0.34% | +0.03 |
| PLD Prologis Inc. | Add +9.1% | 0.15% | +0.03 |
| CEG Constellation Energy | Add +1.8% | 0.34% | +0.03 |
| MAR Marriott International Class A | Add +0.0% | 0.15% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | Add +2.4% | 0.13% | +0.02 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | Add +22.5% | 0.11% | +0.02 |
| CHRW C.H. Robinson Worldwide Inc. | Add +13.1% | 0.09% | +0.02 |
| ARIS Aris Mining Corp. | New | 0.02% | +0.02 |
| NDMO Nuveen Dynamic Municipal Opp | Add +30.6% | 0.11% | +0.02 |
| EOD Allspring Global Dividend Op | Add +337.9% | 0.03% | +0.02 |
| DHR Danaher Corp. | Add +11.8% | 0.10% | +0.02 |
| VCV Invesco Ca Val Muni Inc. TR | Add +25.9% | 0.09% | +0.02 |
| NOC Northrop Grumman Corp. | Add +17.9% | 0.25% | +0.02 |
| BDJ BlackRock Enhanced Eqty DVD | Add +11.4% | 0.16% | +0.02 |
| JMBS Janus Henderson Mortg Backed | Add +12.2% | 0.20% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +5.5% | 243,300 | $165.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +5.5% | 243,300 | $165.9M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,701 | $15.5B | NVDA, MU, AAPL, LRCX, MSFT |
| Q1 2026 | 1,592 | $12.5B | NVDA, AAPL, MSFT, AVGO, AMZN |
| Q4 2025 | 1,737 | $13.6B | NVDA, AAPL, MSFT, AVGO, AMZN |
| Q3 2025 | 1,569 | $13.4B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q2 2025 | 1,580 | $12.3B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q1 2025 | 1,626 | $10.6B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 1,675 | $12.1B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q3 2024 | 1,851 | $14.1B | NVDA, AAPL, MSFT, AVGO, META |
| Q2 2024 | 1,851 | $13.9B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q1 2024 | 1,862 | $14.1B | MSFT, NVDA, AAPL, AMZN, META |